Browsing Center for Energy and Environmental Policy Research by Title
Now showing items 150-169 of 334
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International market integration for natural gas? : a cointegration analysis of priced in Europe, North America and Japan
(MIT Center for Energy and Environmental Policy Research, 2004)We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990₂s and 2002. Our hypothesis is that there was a certain split of prices between Europe and North America. The ... -
Interpreting the IPCC emisions scenarios
(MIT Center for Energy and Environmental Policy Research, 1992)This paper discusses how two sets of emissions scenarios, generated using the Atmospheric Stabilization Framework, were used by the United Nations Intergovernmental Panel on Climate Change (IPCC). In particular it discusses ... -
Intertemporal pricing of sulfur dioxide allowances
(MIT Center for Energy and Environmental Policy Research, 1998)The Clean Air Act Amendments of 1990 initiated the first large-scale use of the tradable permit approach to pollution control. The theoretical case for this approach rests on the assumption of an efficient market for ... -
Introducing competition in the French electricity supply industry : the destabilisation of a public hierarchy in an open institutional environment
(MIT Center for Energy and Environmental Policy Research, 2002)The introduction of market rules in a electricity supply industry characterized by a vertically integrated monopoly and public ownership is not inherently doomed to failure if characteristics of the reform or other elements ... -
Inventories and the short-run dynamics of commodity prices
(MIT Center for Energy and Environmental Policy Research, 1990)I examine the behavior of inventories and their role in the short-run dynamics of commodity production and price. Competitive producers of a storable commodity react to price changes by balancing costs of changing production ... -
Investment in Energy Infrastructure and the Tax Code
(MIT Center for Energy and Environmental Research Policy, 2009-10)Federal tax policy provides a broad array of incentives for energy investment. I review those policies and construct estimates of marginal effective tax rates for different energy capital investments as of 2007. Effective ... -
Investments of uncertain cost
(MIT Center for Energy and Environmental Policy Research, 1992)I study irreversible investment decisions when projects take time to complete, and are subject to two types of uncertainty over the cost of completion. The first is technical uncertainty, i.e., uncertainty over the amount ... -
Irreversibilities and the timing of environmental policy
(MIT Center for Energy and Environmental Policy Research, 1999)The Standard framework in which economists evaluate environmental policies is cost-benefit analysis, so policy debates usually focus on the expected flows of costs and benefits, or on the choice of discount rate. But this ... -
Irreversibility and the explanation of investment behavior
(MIT Center for Energy and Environmental Policy Research, 1990)The explanation of aggregate and sectoral investment behavior has been one of the less successful endeavors in empirical economics. Existing econometric models have had little success in explaining or predicting investment ... -
Irreversibility and uncertainty in species valuation
(MIT Center for Energy and Environmental Policy Research, 1994)This paper incorporates an option value into deforestation policy analysis. Similar to an option value in finance, the option value here reflects the advantage to delaying irreversible species extinction until more information ... -
Irreversibility, uncertainty and investment
(MIT Center for Energy and Environmental Policy Research, 1990)Most investment expenditures have two important characteristics. First, they are largely irreversible; the firm cannot disinvest, so the expenditures are sunk costs. Second, they can be delayed, allowing ... -
Is the gasoline tax regressive?
(MIT Center for Energy and Environmental Policy Research, 1990)Claims of the regressivity of gasoline taxes typically rely on annual surveys of consumer income and expenditures which show that gasoline expenditures are a larger fraction of income for very low income households than ... -
Joint implementation : lessons from Title IV's voluntary compliance programs
(MIT Center for Energy and Environmental Policy Research, 1997.)The United Nation's Framework Convention on Climate Change (FCCC), signed by more than 150 nations in June 1992, commits signatory countries to limit greenhouse gas (GHG) emissions to 1990 levels by the year 2000. Article ... -
Laissez faire, collective control or nationalization of the global commons
(MIT Center for Energy and Environmental Policy Research, 1992)The use of the atmosphere as a dumping place for greenhouse gases has been a matter of laissez faire. Proposals for international agreement to restrict the rate of such emissions are, in effect, proposals for collectively ... -
Lessons from Phase 2 compliance with the U.S. Acid Rain Program
(MIT Center for Energy and Environmental Policy Research, 2003)This paper provides preliminary answers to four questions concerning the behavior of agents operating under the SO2 Allowance Trading Program that could not be adequately answered until several years' data on compliance ... -
Liability and Financial Responsibility for Oil Spills under the Oil Pollution Act of 1990 and Related Statutes
(MIT Center for Energy and Environmental Policy Research, 2011-06-01) -
Local and Seasonal Effects in the U.S. of Global Climate Change
(MIT CEEPR, 2012-05-21)Though the facts of global climate change are beyond doubt, there has been relatively limited information about its local consequences. Global climate models and their derivatives have provided often differing and unspecific ... -
The long-run evolution of energy prices
(MIT Center for Energy and Environmental Policy Research, 1999)I examine the long-run behavior of oil, coal, and natural gas prices, using up to 127 years of data, and address the following questions: What does over a century of data tell us about the stochastic dynamics of price ... -
Long-term contracts and asset specificity revisited : an empirical analysis of producer-importer relations in the natural gas industry
(MIT Center for Energy and Environmental Policy Research, 2006)In this paper, we analyze structural changes in long-term contracts in the international trade of natural gas. Using a unique data set of 262 long-term contracts between natural gas producers and importers, we estimate the ... -
Long-term Energy Supply Contracts in European Competition Policy: Fuzzy not Crazy
(2008)Long-term supply contracts often have ambiguous effects on the competitive structure, investment and consumer welfare in the long term. In a context of market building, these effects are likely to be worsened and thus even ...
